Crypto

Hong Kong authorities de­tained an influential individual suspecte­d of promoting an unregistered crypto exchange and participating in JPEX trading. Moreover, law enforcement officials have­ revealed that the­y received more­ than 83 complaints concerning JPEX, leading to a financial loss of approximately HK$34 million up until now. Hong Kong police have arrested a Hong Kong internet […]

The Hong Kong Monetary Authority (HKMA) has issued a cautionary statement. It alerts the public to the potential violation of local banking laws by certain crypto asset businesses that present themselves as banks and employ banking terminology. In a recent press release, the HKMA emphasized that using specific banking terms could mislead individuals. These terms […]

Gemini Trust’s legal representatives have contested a Digital Currency Group (DCG) proposal regarding the Genesis Global creditors. In a September 15 filing submitted to the United States Bankruptcy Court for the Southern District of New York, the legal team accused DCG of employing deceptive tactics, labeling them as “gaslighting” with their recovery plan. The recovery […]

The Hong Kong Securities and Futures Commission (SFC) has warned the crypto assets exchange known as “JPEX.” The exchange allegedly operates without proper registration and targets the Hong Kong public with potentially deceptive marketing tactics. The SFC had se­rious concerns regarding JPEX’s activities. Spe­cifically, they were worrie­d about their use of social media influe­ncers and virtual […]

Deutsche Bank, Germany’s largest financial institution, has partnered with Swiss crypto firm Taurus to offer digital asset custody and tokenization services to its institutional clients. This step signifies a crucial stride towards the seamless integration of traditional banking services with the rapidly expanding cryptocurrency market. This partnership will allow the bank to hold a limited […]

The Ethereum network accomplished another unique feat by exhibiting an unprecedented surge in activity, with an astounding 1,089,893 unique wallets actively participating in the transfer of ETH. This remarkable milestone is now the second-highest recorded number of wallet interactions in Ethereum’s eight-year history. This surge in wallet activity has triggered intense speculation and analysis within […]

The week is off to a promising start for Shiba Inu (SHIB) enthusiasts as one of the vital growth indicators within the meme coin ecosystem takes an exhilarating leap. Shibburn’s data has revealed an astonishing 333.44% surge in the SHIB burn rate over the past seven days, resulting in the incineration of a staggering 181,859,002 […]

In the ever-volatile world of cryptocurrencies, Bitcoin finds itself once again at a crossroads. An experienced analyst, Jelle sounded the alarm bells as he tweeted about Bitcoin’s precarious situation. #Bitcoin reaching key support again. $24,800 must hold, or market structure breaks, and things will look bleak for the foreseeable future. pic.twitter.com/OAXpn7VxKG — Jelle (@CryptoJelleNL) September 11, […]

The United Kingdom Financial Conduct Authority (FCA) has extended the deadline for crypto firms to implement the strict marketing rules designed to protect consumers. Furthermore, An official release states that the core rules will take effect on October 8, 2023. Starting January 8, 2024, they can introduce measures requiring advanced technical development, such as implementing […]